By Jeffrey Kennedy The following is an excerpt from Jeffrey Kennedy’s Trader’s Classroom Collection. Now through August 10, Elliott Wave International is offering a special 45-page Best Of Trader’s Classroom eBook, free. ———– Aspiring traders typically go through three phases in this order: Methodology. The first phase is that all-too-familiar quest for the Holy Grail…
Category: Resources
Training Yourself To Take Small Losses Quickly
Great Read for all traders, dealing with aspect responsible for 95% of trading – Psychology. Read full article for tips on how to deal with this problem: Phil Pearlman – Training Yourself To Take Small Losses Quickly. Enjoy
Bob Prechter on Silver & Gold
By Nico Issac In case you hadn’t noticed: Over the past year of financial turmoil, the “safe haven” premium of precious metals has offered about as much support as a rubber ducky in a tsunami. Despite a string of powerful rallies, silver and gold remain well below their March 2008 peaks. It goes without saying…
3 Best Trading / Market Analysis Blogs
Hey Traders, I am slowly starting to build resources and trading strategies section for this blog, currently I dont have too much time for that, so I would like to introduce 3 most useful trading blogs among thousands out there, all of which I read daily. The three blogs now featured in the blogroll are:…
Using Multiple Tick and Time Frames
Multiple Time Frames When analyzing markets it is important to look at multiple time frames. For instance if you are trading off of 5 minute chart, it is still very important to know where key levels are on bigger charts like hourly, daily or even weekly. If you are taking long set up right into…
Picking Tops And Bottoms via 2B Reversal Pattern
Hey Traders, While picking tops and bottoms via “wow, this has gone too far no ***** way it goes any higher” way is very dangerous and more often than not a losing cause, there are several ways to properly pick tops and bottoms, one of them is called 2B Reversal Pattern. Check this excellent report…
Opening Range Notes by Paul
Hello Traders, I wanted to share my opening range ideas for 7-10-09. ES opened with OR of 872-873.75 (white arrow). Draw lines across top/bottom of 1st 1min candle. I wait for two consecutive 1min closes above/below the OR for trigger and to filter out fakes. Entry is 1 tick above/below the OR and came at 9:36…
Support and Resistance Reversals
Support and Resistance Reversals happen all the time on all time frames and are very simple. Previous broken support becomes resistance and previous broken resistance becomes support. Here is a look at few examples from last few days alone. – SP500 emini futures Spike high from overnight session on Thursday becoming support and low of…
Mark Douglas – Mind Over Market Video Interview
Mark Douglas is an author of the best trading psychology book ever written “Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude” In this interview he pretty much summarizes a lot of what is written in this book, it’s a must watch for any trader who has not had a…
Two Evils of Trading Discipline
Hey Traders, I had 2 experiences last week which could be described as two evils of trading discipline: Breaking rules and being rewarded for it Following rules and being “punished” for it Both of these can be very harmful, especially to new traders in becoming consistently profitable and disciplined traders. ————— Breaking rules and being…